Early April M&A: Fasteners And Big Brazilian Moves

The following represent some major or interesting mergers and acquisition (M&A) activity during late March and early April, with news from Klein Tools buying its way into Brazil, Elgin Fastener Group purchasing a Las Vegas-based manufacturer of fasteners and more.

(Manufacturing.net) — The following represent some major or interesting mergers and acquisition (M&A) activity during late March and early April:

Klein Tools

The Lincolnshire, Ill., company has Civitella & Cia Ltda, a privately-held tool and equipment manufacturer in Brazil, in order to expand its global range. Civitella has a manufacturing and distribution center in São Paulo, which gives them access to all of Brazil. This acquisition comes after similar purchases in Mexico, with Herramientas Klein, S.A. De C.V., and Austriala-based Mumme Products. By partnering with Civitella, which Klein says is South America’s largest grip manufacturer, they will be in a better position to serve customers internationally.

In a statement, Matthew Thomason, director of corporate development for Klein Tools, said: “With common core values and business cultures emphasizing high-quality manufacturing as well as strong customer service, Civitella and Klein Tools are natural partners. The integration of these two companies creates a winning combination of global reach and national expertise, backed by a commitment to superior products and service.”

Tom Klein, president of Klein Tools, added: “The acquisition of Civitella provides Klein Tools with a business operation in Brazil and demonstrates a long-term commitment to the Brazilian market. Civitella is an outstanding company with premium products, excellent service and well established clients that we are proud to join.”

Elgin Fastener Group

Elgin Fastener Group, LLC, based out of Batesville, Ind., has completed the acquisition of Vegas Fastener Manufacturing of Las Vegas, Nevada. Vegas Fastener was founded in 1998, and currently operates a number of forging presses, computer-controlled turning centers, vertical CNC mills and CNC bar feeders. The company’s target industries include power generation, oil and gas, diesel engines, food processing and general industrial. The Elgin Fastener Group is now comprised of nine specialty fastener manufacturers.

Jeff Liter, EFG CEO, commented said: “The acquisition of Vegas Fastener Manufacturing represents a major advancement in EFG’s goal to become the premier North American supplier of specialty fasteners. The experience and reputation that Vegas Fastener has developed in the production of high quality fasteners from exotic materials, for some of the most demanding applications in our industry, takes us to a new level of supplier recognition in the specialty fastener market.”

Southco, Inc.

The Concordville, Pa.-based company has recently announced is acquisition of Unikey Industrial Components, based in SĂŁo Paulo, Brazil. Unikey manufacturers latches, locks, hinges, ventilation systems and related accessories for customers in Brazil and other South American countries.

According to Southco, the acquisition will help position them better globally and offer more value to customers in all locations. The company will continue to serve a variety of industries, such as industrial machinery, electrical equipment, mass transportation and marine applications.

Brian McNeill, President and CEO of Southco, Inc., says: “This is an exciting time for our company as we continue to grow and expand our global reach. We see immediate opportunities to accelerate our presence and participation in the fast growing markets of Brazil and greater South America. By uniting our strong and complementary brands, products and people, we will enhance our ability to add value and provide our customers throughout the world with the broadest line of high quality access hardware solutions.”

SAI Global

SAI Global Limited announced that it had finished the purchase of the Supply Chain Certification Services business assets from the Steritech Group. According to SAI, this business offers a range of auditing and training services to companies who want to better manage food safety risks in their supply chains. The company hopes this purchase will help strengthen its position in the North American food safety assurance sector.

Paul Butcher, the Global Head of Assurance Services of SAI Global, said “The global food safety market is a strategic focus for SAI, and one in which we have extensive capabilities and expertise. I am excited that SAI will be joined by some highly regarded food safety experts and industry leaders that will further strengthen our leadership position in the North American market.”

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